The amount is added to any guaranteed minimum death benefit.
Investment dictionary. Academic. 2012.
Variable universal life insurance — (often shortened to VUL) is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds, and the choice of which of the available separate accounts to … Wikipedia
Variable Survivorship Life Insurance — A type of variable life insurance policy that covers two individuals and pays a death benefit to a beneficiary, only after both people have died. Variable Survivorship Life Insurance does not pay any benefit when the first policyholder dies.… … Investment dictionary
Variable Life Insurance Policy — A form of permanent life insurance, Variable life insurance provides permanent protection to the beneficiary upon the death of the policy holder. This type of insurance is generally the most expensive type of cash value insurance because it… … Investment dictionary
Variable Universal Life Insurance - VUL — A form of cash value life insurance that offers both a death benefit and an investment feature. The premium amount for variable universal life insurance (VUL) is flexible and may be changed by the consumer as needed, though these changes can… … Investment dictionary
Variable life insurance policy — A whole life insurance policy that provides a death benefit dependent on the insured s portfolio market value at the time of death. Typically the company invests premiums in common stocks, and hence variable life policies are referred to as… … Financial and business terms
variable life insurance policy — A whole life insurance policy that provides a death benefit dependent on the insured s portfolio market value at the time of death. Typically the company invests premiums in common stocks, so variable life policies are referred to as equity… … Financial and business terms
variable life insurance — A form of life insurance very similar to whole life insurance. In a variable life insurance policy, the cash value is invested in equity or debt securities. Policyholders can select and switch investment instruments. The policyholder bears the… … Financial and business terms
VARIABLE ANNUITIES - переменный аннуитет — (рента) программа страхования, чаще всего контракт страхования жизни, стоимость которого зависит от колебания стоимости купленных ценных бумаг. Может приносить пожизненный регулярный или фиксированный пенсионный доход. Владелец переменного… … Глоссарий финансовых и биржевых терминов
variable life insurance — see life insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. variable life insurance … Law dictionary
death — /deth/, n. 1. the act of dying; the end of life; the total and permanent cessation of all the vital functions of an organism. Cf. brain death. 2. an instance of this: a death in the family; letters published after his death. 3. the state of being … Universalium
